Agreement - Teamsters Local 399

employment to or employ any person subject to this Agreement who
shall have reached his normal retirement date and shall have retired
under the provisions of the Retirement Plan for employees of
Metro-Goldwyn-Mayer, Inc.
(b) Notwithstanding any provision of this Agreement or of any
other agreement between Technicolor, Inc. and the Basic Crafts Unions,
Technicolor, Inc. shall not be required to offer employment or to employ
any person subject to this Agreement who shall have reached his normal
retirement date under the provisions of the Retirement Plan for
employees of Technicolor, Inc.
(c) Notwithstanding any provisions of this Agreement or of any
other agreement between Twentieth Century-Fox Film Corporation and
the Basic Crafts Unions, Twentieth Century-Fox Film Corporation shall
not be required to offer employment to or employ any person subject to
this Agreement who shall have reached his normal retirement date under
the provisions of the Retirement Plan for employees of Twentieth
Century-Fox Film Corporation and certain subsidiaries.
ARTICLE 13B.
Loan-Out Companies
During such time as an employee is engaged by a borrowing
Producer through the employee’s loan-out company, the borrowing
Producer shall make pension and health and CSATF contributions
directly to the Motion Picture Industry Health Plan and the Motion
Picture Industry Pension Plan on behalf of the employee so employed
based upon hours worked or guaranteed. Contributions may not be
made by loan-out companies.
ARTICLE 13C.
401(k) Plan Feasibility Study
A committee shall be established consisting of representatives of
the Producers, the IATSE and the Basic Crafts Unions to conduct a
study of the feasibility of establishing a 401(k) plan funded solely by
employee salary deferrals for participants in the Motion Picture Industry
Pension Plan. In particular, the study is to focus on the following:
(a) Whether the establishment and administration of the plan will
cause the Producers to incur increased costs.
(b) Whether the Motion Picture Industry Pension and Health
Plan would be able to administer the 401(k) plan as a separate plan.
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